Business

Salesforce announces $2.2 billion French investment as Macron meets Trump

PARIS (Reuters) - U.S. software company Salesforce will invest more than $2.2 billion in its French business over the next five years, it said on Tuesday, in another sign of America Inc's new love affair with France since President Emmanuel Macron's elec

Technology

Softbank, Google join $1.9 billion investment in China truck-hailing firm

BEIJING/SHANGHAI (Reuters) - Japan's Softbank Group and Alphabet Inc's venture capital fund CapitalG are among investors pouring $1.9 billion into a truck hailing service platform Manbang, the Chinese company said in a statement on Tuesday.

Business

Deutsche Bank may announce investment bank revamp on Thursday: report

FRANKFURT (Reuters) - Deutsche Bank AG may announce changes in the strategy of its investment banking unit on Thursday along with quarterly earnings, a German newspaper reported on Tuesday.

Business

South Korea will consider injecting funds into GM Korea for investment: Yonhap

SEOUL (Reuters) - South Korea's government will consider injecting fresh funds into the loss-making South Korean unit of General Motors Co , the Yonhap news agency reported on Saturday, citing the finance minister.

Technology

Crypto trading tumbles as investment scramble unwinds

LONDON (Reuters) - Trading activity on cryptocurrency exchanges has halved from its December peak, industry data shows, as retail interest in the virtual coins declines and the prices of many remain far below their recent highs.

Health

Biogen boosts investment in neurology with $1 billion Ionis deal

(Reuters) - U.S. drugmaker Biogen Inc rolled out part of its $37 billion investment warchest on Friday, signing a $1 billion deal that seeks to expand on the strength of an existing partnership with Ionis Pharmaceuticals Inc.

Finance

U.S. 'junk' bond funds take in most weekly cash since 2016: Lipper

NEW YORK (Reuters) - Investors stormed back into the market for the riskiest corporate debt during the latest week, Lipper data showed on Thursday, pumping the most cash into U.S.-based, high-yield...

Business

Venture capital firm Fort Ross aims to bring more U.S. startups to Russia

SAN FRANCISCO (Reuters) - A venture capital firm aiming to bring more U.S. startups to Russia has raised a $200 million fund, hoping to use the fresh pool of money to help Silicon Valley companies deliver their services to Russia's biggest corporations an

Health

More than half of world's wealthy expect to live to 100 :survey

LONDON (Reuters) - More than half of wealthy investors around the world expect to live to the age of 100, with almost two in three planning to work longer in life to afford a comfortable retirement, according to a survey on Thursday.

Technology

Vivendi's chairman brushes off criticism over investment in Telecom Italia

PARIS (Reuters) - Vivendi's chairman and top investor Vincent Bollore brushed off criticism over the media group's investments in Telecom Italia (TIM) on Thursday.

Business

Exclusive: Brazil's Petrobras near deal with China's CNPC to swap refinery investment for oil

RIO DE JANEIRO (Reuters) - Brazil's state-run oil company is nearing a deal in which China National Petroleum Corp Ltd (CNPC) would invest in an oil refinery in exchange for crude oil, two people with knowledge of the talks told Reuters, potentially givin

Business

China's first-quarter economic growth beats expectations on firm consumption, property sector

BEIJING (Reuters) - China's economy grew 6.8 percent in the first quarter of 2018, slightly faster than expected, buoyed by strong consumer demand and surprisingly robust property investment despite continued measures to tame rising home prices.

Business

ECB asks Deutsche Bank to gauge investment banking exit costs: source

FRANKFURT (Reuters) - Deutsche Bank has been asked by European Central Bank supervisors to calculate the potential costs of winding down its investment banking operations, a source told Reuters on Sunday.

Health

ManorCare seeks court approval to exit bankruptcy under landlord

(Reuters) - No. 2 U.S. nursing home chain HCR ManorCare Inc heads to court on Friday to seek approval for a plan to exit a $7.1 billion Chapter 11 bankruptcy under the ownership of the real estate investment trust whose steep rents lent to its financial d

Business

Deutsche Bank's new CEO takes sober look at 'ugly' investment bank

FRANKFURT (Reuters) - Deutsche Bank's new chief executive faces the same strategic problem that has long preoccupied its top management - whether or not to override the rainmakers and big earners at its powerful investment bank to shrink that business.

Top News

Deutsche Bank's new CEO plans investment banking review

FRANKFURT (Reuters) - Deutsche Bank's leadership must take tough decisions to avoid further setbacks and will review the structure of its investment bank, new CEO Christian Sewing told staff on Monday.

Technology

Xiaomi says pushing for smartphone component suppliers to invest in India

MUMBAI (Reuters) - China's Xiaomi said it wants its global smartphone component makers to set up base in India, in what could potentially bring as much as $2.5 billion of investment to the South Asian nation and create as many as 50,000 jobs.

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